Comments Off on Many “preferred” or “recommended” gateway providers are not high risk friendly.

Below is a case study composite. This is from some very recent experiences showing the importance of reading your terms and conditions before you automatically sign up for your hosting company’s “preferred” gateway, merchant account or site builder.

Update: As of January 2014 Authorize.Net is now allowing licensed, on-line gun/ FFL dealers, pepper spray sites, and ammunition websites to be set up on the Authorize.Net payment gateway but – you must make sure it is paired with an FFL friendly merchant account on the back end. A payment gateway, paired with a low-risk, FFL averse credit card processor WILL NOT WORK. For more information click here, or better yet contact us for advice and recommendations.

Comments Off on So, when exactly are you billed for NMI payment gateway services?

NMI (Network Merchants LLC, DBA Network Merchants, Inc.) is the go-to payment gateway for most of our high-risk accounts. Their knowledgeable customer support team is always happy to help whenever needed.
One question that pops up frequently is: When can I expect to be billed for my NMI gateway?
Typically most accounts are billed during the first five days of the month — for the preceding month’s fees. This includes the monthly fee, per item fees and any optional services you may have ordered, like iSpy Fraud detection or electronic check processing. Fees are automatically drafted from your checking account on file at NMI. Be sure to keep enough money in that account to avoid any potential overdraft fees —as of the time of this post $25 per overdraft — not including what your bank might charge!
Keep in mind, as your volume grows over time, you may see a mid-month billing when your account has accumulated $50 in fees. If more than one monthly billing makes it challenging for accounting purposes, let me know. I can often request that NMI change their billing cycle to only draft your fees once a month. Again, this only applies when you have more than $50 in fees during a calendar month.
I’m always happy to help any way I can — please contact me if you have any questions and feel free to ask about our “$0.00 set up fee. $0.00 early termination fee” policy.
John Stevenson
John is a high risk processing specialist here at Tasker Payment Gateways. If you have any questions about biz ops, Electronic Cigarettes or other high risk accounts, call him at 812-265-9700 or email him at John @ taskerpaymentgateways.com.
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